$6.1B in USDT and USDT0 deployed across 29 DeFi venues, with Aave V3 capturing 62.8% of deposits.
DeFi & Yields ·
USDT and USDT0 totaling $6.1 billion sit across 29 DeFi venues, with Aave V3 commanding the largest share at 62.8% of total deposits. This concentration reflects Aave V3's prominence as a destination for stablecoin liquidity in decentralized finance.
The deployment of these assets across multiple venues generates fees for both the protocols hosting them and their underlying blockchains. This fee generation occurs as users interact with the venues and move capital through their systems, creating economic incentives for both venue operators and chain validators.
It remains unclear how stablecoin distribution across these 29 venues may shift over time, whether other protocols will capture material share from Aave V3, or how changes in yield dynamics or protocol upgrades might influence deposit allocation patterns.